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The dual concepts of multiplicity (Multi-Bank system and multiple customer base) and multiplier effects under money supply enable Bank Financial Institutions (BFIs) to create more

The dual concepts of multiplicity (Multi-Bank system and multiple customer base) and multiplier effects under money supply enable Bank Financial Institutions (BFIs) to create more Credits/Loans to increase money in circulation. Discuss this in the context of macroeconomic development of a country taking into account assumptions and limitations of these concepts. Illustrate with an appropriate workings using your own reserve ratio

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